VNBusinessNews – Trade promotion and market research will be stepped up to help companies expand their overseas markets and meet the export growth target of 13%, said the Viet Nam Trade Promotion Agency. Deputy Minister of Industry and Trade Nguyen Thanh Bien said that in the context of the current global economic crisis and a [...]

VNBusinessNews – Viet Nam Export Import Commercial Joint Stock Bank (Eximbank) on February 23 announced the bank’s export support lending rate in dong at 0.9% a year. This new lending rate benchmark will be officially applied from February 24. Eximbank believed that thanks to the “lending rate subsidisation” programme with a very low lending rate, [...]

VNBusinessNews – Pharmacy companies in HCMC are showing keen interest in developing chains of drugstores rather than isolated ones to better compete and benefit more from distributing imported drugs now that foreign traders can directly import medicines into the country, an official said. Drugstore chains played an important role in the local medicine market because [...]

VNBusinessNews – Since the beginning of 2009, rice exports have dramatically increased in both quantity and revenue to levels much higher than the same period of last year, according to the Ministry of Industry and Trade. The total earnings from nearly 600,000 tonnes of rice exported so far exceeded US$220 million, three times more than [...]

VNBusinessNews – Several gold trading companies and commercial banks have got the quota for exporting gold from the State Bank of Viet Nam. The gold price is climbing to the one-year highest peak since March 18, 2009 with the price quoted on February 22 at between VND 19.73-19.83 million/tael. In both the world and domestic [...]

VNBusinessNews – The prime minister, Nguyen Tan Dung along with deputy prime minister and leaders from some ministries on February 23 worked with leaders of Vietnam’s apparel sector on solutions for business and production activities in 2009. In the face of negative impacts from the global economic crisis, Vietnam’s garment and textile sector reached only [...]

VNBusinessNews – The Japanese Television channel, NHK, on Feb. 23 covered the inauguration ceremony of the Dung Quat Oil Refinery in the central province of Quang Ngai in the presence of Prime Minister Nguyen Tan Dung, senior Government officials and the heads of the Viet Nam National Oil and Gas Group (PetroVietnam). The NHK quoted [...]

VNBusinessNews – The domestic gold price, today, February 23 was sustainable at 19.88 million dong per ounce so people stopped selling gold to gauge the movement in the market. SJC gold price in Saigon Jewellery Co was listed at 19.78-19.88 million dong per ounce (buying and selling price), dipping 10,000 dong/ounce from the last weekend. [...]

VNBusinessNews – In January this year, Vietnam gained total export turnover of US$3.8 billion, down over US$1 billion compared to US$4.9 in December last year and nearly 25% on-year. Value of the majority of the country’s export items sharply dropped against the same period of 2008 with crude oil’s fall to 52% on-year, garment and [...]

VNBusinessNews – Vietnam’s central bank set the dollar’s exchange rate unchanged at VND16,972 Tuesday. State-owned Vietcombank sold at VND17,480, compared with VND17,481 Monday. Vietcombank is buying and selling dollars at the same rate, an indication of the dollar-shortage faced by banks. Gold shops sold at VND17,700, higher than VND17,660 Monday. Dealers said they expect the [...]

VNBusinessNews – Corollary of economic recession at the breakneck speed in the world and Vietnam has lead to a gloomy labour market in 2009. According to the Ministry of Labour, Invalid and Social Affairs (MoLISA), it is forecast that 6,000-9,000 workers will lose jobs, 8,000 people will have their working hours cut. Big cities – [...]

VNBusinessNews – The Minh Phu Seafood Corporation (MPC) has received a bond payment refund from the US Customs Service following its conclusion that MPC was not guilty of dumping shrimp into the US market. According to the Viet Nam Association of Seafood Exporters and Processors (VASEP), the bond, worth approximately 4.2 million USD, was paid [...]

VNBusinessNews – Computer experts from Bkis Vietnam spotted a loophole in the facial recognition software for laptops during the Black Hat technical security conference, which was recently held in Washington D.C. in the US. With just several mouse clicks, computer specialist Nguyen Minh Duc easily hacked through the bio-technological security barrier to log-on to Asus, [...]

VNBusinessNews – The first nuclear power plant project in Viet Nam will be kicked off in 2015 and will become operational in 2020. Director of the Viet Nam Nuclear Energy Institute Vuong Huu Tan talks more about the project. Viet Nam is taking the first steps to build its first nuclear power plant. Why is [...]

VNBusinessNews – Chodientu and eBay have launched an e-commerce website which allows Vietnamese to order goods online from markets that previously didn’t accept orders from Viet Nam. Many traders on eBay often refuse to sell goods to Viet Nam and markets where there are high rates of online crime. The PayPal international payment service doesn’t [...]